Barclays Provides $22.3M Loan For Office Acquisition By Joe Napoli In Tinley Park
7851 185th Street & 18660 Graphics Drive
$6,050,000
$94/SF
Building Size
64,290 SF
Asset Type
Office
Closing
Jan 8, 2026
AI
The asset involved in this transaction is an office space located at 7851 185th Street & 18660 Graphics Drive in Tinley Park. The property encompasses a total square footage of 32,145 and the acquisition loan associated with it amounts to $22,300,000 for a duration of 5 years.
Summary of transaction details:
- Property Type: Office
- Transaction Amount: $22,300,000
- Lender: Barclays
- Landlord: Joe Napoli
- Broker: Anthony Longo - Alpha Capital
This transaction features notable individuals and firms, with Joe Napoli representing the landlord and Anthony Longo serving as the broker from Alpha Capital, overseeing the acquisition for the specified loan terms.
Players
Tinley Park Office Market Snapshot
Boundary boundary · Office · Loan transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
2.62%
Cash-on-Cash
-0.75%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93